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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Jisun] The National Pension Service (NPS) has decided to exercise its voting rights neutrally regarding the agenda items at Hanmi Science’s upcoming extraordinary shareholder meeting, amid an ongoing management dispute.
On the 26th, the NPS Fund Management Committee convened and resolved to adopt a neutral stance for the meeting scheduled for the 28th. The agenda includes the appointment of Vice Chairman Lim Ju-hyun and Shin Dong-kook, CEO of Hanyang Precision, as directors, as well as a proposal to increase the board's maximum size from 10 to 11 members, put forth by Hanmi Group Chairwoman Song Young-sook and Vice Chairman Lim.
By opting for neutrality, the NPS will allocate its voting rights proportionally in line with the preferences of other shareholders.
Hanmi Science’s board currently comprises five members aligned with brothers Lim Jong-yoon, an internal director, and Lim Jong-hoon, the CEO of Hanmi Science, as well as four members representing Chairwoman Song, Vice Chairman Lim, and Shin, the company’s largest individual shareholder.
The three-party alliance aims to appoint two additional directors to increase the board size to 11, thereby gaining a 6-to-5 majority. However, the brothers' faction is opposing the motion, escalating the conflict.
With the NPS maintaining neutrality, the decision is now expected to hinge on the votes of smaller shareholders.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
